A blog for sharing of information and for a healthy discussion on Bank employees issues!!
*Please send news related to Bank Employees and your Queries, to my e-mail vetrinicchayam@gmail.com*
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Dear reader!

Tuesday, March 31, 2015

One comrade has asked :Pls upload Draft Insurance Policy given by IBA to UFBU for comments.********************I have posted details of Medical Insurance Policy to be introduced sometime back in April 2014.However for those who missed to read I give below some of the features of the draft policy.

Pl. note that it is not a final one. There may be minor changes here and there.************************************ Highlights of Medical Insurance policy!!** Cash-less treatment in listed Hospitals and reimburesement of medical bills if admitted in other Hospitals .* 100% reimbursement for both Employees and dependents.

Monday, March 23, 2015

As banker we have to read this article (though lengthy) to widen our view and improve knowledge.RRBs: Started for whom? Running for whom?Deccan Herald news dt.23.03.15mCommercialisation of social banking at the cost of poorP S M RAO, MARCH 20, 2015 AAThe Regional Rural Banks (RRBs), the Indian Grameen Banks, would have been the most suitable institutions to serve the poor; better than the so-called 'best model' in the world, 'Grameen Bank' of Bangladesh, but for the continued distortions, in the name of reforms, brought about by the government in phases since 1993. The RRBs amendment Bill 2014, passed by the Lok Sabha in December and waiting for the passage by the Rajya Sabha is going to be a coup de grace.Born in 1975, through an ordinance, later made RRBs Act, 1976, these banks came up with the sole purpose of catering to the credit and other needs of small and marginal farmers, agricultural labourers, rural artisans, street venders, petty traders and all those below the poverty line in rural areas.

KOLKATA: The Narendra Modi
government has directed regional rural banks to become slim
by cutting jobs and outsource non-core functions
such as IT maintenance, cash remittance and house-keeping.

The decision may not force RRBs to lay off
people but these banks which collectively employ around 80,000 at present would
need to downsize their future hiring plans by at least 10-12%.
The government told them to handle higher volume of business with a lesser
number of employees in a core-banking environment backed by modern IT
infrastructure.The move is aimed at improving productivity and
profitability of RRBs.
The move is based on the recommendations of SK Mitra committee on HR policy for
RRBs,
which was set up three-years back but its suggestions were buried under the
carpet by the
UPA-II government.
SK Mitra was then the executive director of National Bank for Agriculture &
Rural Development.The Modi government wants RRBs to follow the
recommendations.

I am receiving too many queries about introduction of Grade Pay.It is mentioned in the joint circular by award staff unions.My view on Grade Pay is:I do not support grade pay.The load should be on basic pay only.Grade pay concept will spoil all future benefits.Grade pay in central govt., was introduced to neutralisethe clubbing of two or more scale of pay.In banks there is only one pay scale for clerks and Substaff as well.If scale 1,2 and 3 of officers are merged , then grade pay may be necessary.However let us wait for final outcome.Till such time let us express our concerns to give pressure to unions to take right decisions.

Dear Comrades,
1. Ongoing negotiations on wage revision and other improvement in service
conditions :
Units are aware that the Minutes of Discussions signed by us with the IBA
on 23-2-2015
covering 15% increase towards cost of payslip components and amounting to Rs.
4725 crores
coupled with full holidays on 2nd and 4th Saturday
of every month are significant breakthrough
in the given circumstances and as
compared to previous wage revision.
Our other demands are also being discussed and sorted out and already
understandings have been reached on some of the issues.
The details of agreed issues have already been circularised by us for the
information of our members. The construction of revised payscales and
other issues will be taken up in further rounds of discussions. In the
meantime, all sorts of misinformation, wrong information, rumours are being
spread by vested interests about distribution of load to various items, etc in
order to create confusion amongst the members.
Our units are to keep off from such attempts and not fall a prey to the
same. As and when any development is there, we shall keep our units
informed.2. Full holiday on 2nd and 4th Saturday
of every month :

"IBA advised that they have already taken up the matter withReserve Bank of India and Government of India and are waiting for completion of the formalities at their level and this part of the agreement will be implemented immediatelyafter the notification to that effect is issued."=> AIBOC circular dt.18.03.2015

Wednesday, March 18, 2015

Yesterday 5 workmen unions met in Mumbai to
discuss on the approach to be adopted during the talks with IBA relating to
service conditions of workmen. The meeting was participated by Com. C. J.
Nandkumar, Com. Vijay Aroskar our President and Joint Secretary respectively
and the undersigned.

Later, yesterday, talks were held with IBA;
the outcome of which has been summarized in a joint circular issued by the 5
workmen unions on date, text of which is as follows:

With greetings,

Text of Joint
Circular

“Units and members are aware
that our charter of demands includes demands on improvement in various service
conditions apart from increase in wages. Prior to the signing of the Minutes of
Discussion on 23-2-2015, there were two rounds of discussions with the IBA on
these issues. Yesterday i.e., on 17.03.2015, one more round of discussions took
place, during which understandings have been reached on the following issues:

ENCASHMENT
OF LEAVE: The benefit of encashment of Privilege
Leave will be available even in the cases of resignations
from the Bank after 20 years of service as well on loss of job due to
punishments (other than cases of punishment of Dismissal and cases
where there is loss to the Bank).

2. LEAVE:

a)The present stipulation that Casual
Leave (CL) upto 4 days can be availed continuously provided the total
absence including Sundays and holidays does not exceed more than 6 days would
be deleted.

b)Presently Unavailed Casual Leave (UCL)
can be availed for a day without production of medical certificate. In
addition UCL may be availed without production of medical certificate for 4
days at a time once in a year or 2 days at a time twice in a year.

c)Privilege Leave (PL)
can be availed on 4 occasions in a year (as against 3 occasions
at present).

Tuesday, March 17, 2015

..........In continuation of the earlier meeting held on January 14, 2015 one more round of discussion on Officers issues, was held at IBA office today, at 3.00 pm..........It was mutually accepted that the salary and allowances, as well as the perquisites and medical facilities listed in the charter of demand will be taken up for discussions once the draft scales are drawn up by the IBA for discussion.

In the matter of discipline and Appeal regulations, it was agreed to submit once again a comprehensive chart to IBA which will be taken up for discussion by a small committee of IBA for further discussion in the HR committee of the IBA.

Sunday, March 8, 2015

2. A. I retired on ……. (Before 01.11.2012)
Whether I will get any benefit from
this 10th B.P.S.?
B. I retired on……………….. (After 30.11.2012)
Whether I will get arrears for my
commutation/P.L. encashment
and increase in Pension?

3.
What is the effect of point No.3 in the minutes dt.23.02.2015?
Whether it will affect
1.our future benefits like P.F/NPS
accumulation,
2.Pension,
3.Pension commutation,
4.Our future D.A. increase?

These
are the queries raised thro e-mails sent to me.
I shall try to answer to the best of my knowledge and understandings.

Wednesday, March 4, 2015

Com.
C.H.Venkatachalam “Reforms” himself and decide to take new “Avatar” !

Com.
Venkatachalam has on 2nd March has said he welcomed consolidation of
Public sector Banks subject to three conditions.
I have reproduced what he told on the subject in previous occasions.
Whether he supports merger of banks..sorry…sorry… consolidation of banks,
or giving a NOC on behalf of unions to
Govt.,?

Whether Govt.,
has overpowered Com. C.H.V/AIBEA?
or He……….
What is the reaction of other unions/associations?

So far many
private banks when failed merged with Public sector banks.
One recent example is Global Trust Bank, a new generation bank.

But, The New
Bank of India is the only Public Sector Bank merged with
Punjab National Bank in 1993.

Why employees
object for merger of Banks?
What are the after effects of mergers?
I think every bank employee know it very well.

Anybody from New
Bank of India, may explain their experience.
They may express in this page or write to me thro’ e-mail.

Employees are raising
doubts about point No.3 (2% loading)
in the minutes of 10th B.P.S.
Whether any explosive hidden and will blast in the final outcome of the
settlement?
Is it a tactics to diverting the attention of employees?